Analysts forecast that Identiv Inc (NASDAQ:INVE) will post $0.02 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Identiv’s earnings, with estimates ranging from $0.01 to $0.02. Identiv posted earnings per share of ($0.14) during the same quarter last year, which suggests a positive year-over-year growth rate of 114.3%. The business is expected to report its next earnings results on Thursday, March 14th.
On average, analysts expect that Identiv will report full year earnings of ($0.34) per share for the current financial year, with EPS estimates ranging from ($0.34) to ($0.33). For the next year, analysts anticipate that the business will post earnings of ($0.05) per share, with EPS estimates ranging from ($0.09) to ($0.01). Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Identiv.
Identiv (NASDAQ:INVE) last issued its quarterly earnings data on Thursday, November 8th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. Identiv had a negative return on equity of 21.62% and a negative net margin of 13.43%. The firm had revenue of $20.02 million during the quarter, compared to the consensus estimate of $19.55 million.
Several research analysts recently issued reports on the company. Zacks Investment Research upgraded Identiv from a “hold” rating to a “buy” rating and set a $7.25 price objective for the company in a research report on Wednesday, November 14th. ValuEngine upgraded Identiv from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 16th. Lake Street Capital assumed coverage on Identiv in a research report on Tuesday, September 4th. They set a “buy” rating and a $9.00 price objective for the company. Finally, Northland Securities restated a “buy” rating and set a $10.00 price objective on shares of Identiv in a research report on Sunday, August 12th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Identiv presently has an average rating of “Buy” and an average price target of $8.45.
In related news, Director Gary Kremen acquired 17,000 shares of the stock in a transaction dated Wednesday, November 28th. The stock was bought at an average cost of $5.14 per share, with a total value of $87,380.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 10.50% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Royce & Associates LP grew its stake in shares of Identiv by 6.1% during the 3rd quarter. Royce & Associates LP now owns 813,663 shares of the technology company’s stock valued at $4,849,000 after buying an additional 46,597 shares during the period. Essex Investment Management Co. LLC grew its stake in shares of Identiv by 33.1% during the 3rd quarter. Essex Investment Management Co. LLC now owns 592,660 shares of the technology company’s stock valued at $3,532,000 after buying an additional 147,346 shares during the period. Renaissance Technologies LLC grew its stake in shares of Identiv by 20.7% during the 3rd quarter. Renaissance Technologies LLC now owns 399,939 shares of the technology company’s stock valued at $2,384,000 after buying an additional 68,676 shares during the period. BlackRock Inc. grew its stake in shares of Identiv by 3.7% during the 2nd quarter. BlackRock Inc. now owns 283,663 shares of the technology company’s stock valued at $1,098,000 after buying an additional 10,035 shares during the period. Finally, JPMorgan Chase & Co. purchased a new stake in Identiv during the 3rd quarter worth $205,000. 31.69% of the stock is owned by institutional investors.
Shares of Identiv stock traded down $0.12 during trading on Friday, hitting $5.28. 17,616 shares of the company were exchanged, compared to its average volume of 17,309. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.59 and a quick ratio of 1.14. Identiv has a fifty-two week low of $2.84 and a fifty-two week high of $6.87. The company has a market capitalization of $83.45 million, a P/E ratio of -13.89 and a beta of 0.22.
Identiv, Inc operates as a security technology company that secures and manages access to physical places, things, and information primarily in the Americas, Europe, the Middle-East, and the Asia-Pacific. Its Premises segment offers modular Hirsch MX controllers that allow customers to start with a small system and expand over time; Hirsch Velocity software platform for centralized management of access and security operations across an organization; federal identity, credential and acess management architecture, an access control system; TouchSecure door readers that provide various features to support security standards; and global services to support system design, deployment, and managed services across customers premises security lifecycle.
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